677 Belair RdMeadows Of DanVA24120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Meadows Of Dan at 677 Belair Rd, Meadows Of Dan, VA, 24120 priced at $360,000 converts $2,288/mo rent into $86/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,288/mo, and annual cash flow totals $1,032/yr on $119,340 invested. Return on cash invested prints 20.77% in year one, and rental yield reads 7.63% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 107.38% and total cumulative return in cash sums $128,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,288/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1961
1 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24120, Meadows Of Dan, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,370 (100%) |
| Owner Occupied HU | 685 (50.0%) |
| Renter Occupied HU | 162 (11.8%) |
| Vacant Housing Units | 523 (38.2%) |
| Median Home Value | $190,417 |
| Average Home Value | $248,004 |
Housing Distribution
Address Breakdown
Residential
944
Single Family
944
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jarrod Hines • MKB, REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #917577
Disclaimer: Although the Multiple Listing Service of The Roanoke Valley is the source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified.